Cost Of Living in Fernwood, TX

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Fernwood	Garland	Texas
Cost of living	99	109	92
Goods & Services	121	121	96
Groceries	97	97	96
Health care	110	110	94
Housing	70	103	83
Transportation	94	94	92
Utilities	115	115	104

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Cost Of Living Quick Facts

The cost of living in Fernwood is 7% higher than the Garland average
The cost of living in Fernwood is 1% lower than the national average
Fernwood housing is 30% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$38,800	$3,233	$905	$1,164

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Garland	National avg.	Difference
Haircut	$23.57	$24.26	2.8%
Beauty Salon	$35.11	$45.56	22.9%
Toothpaste	$3.51	$3.70	5.1%
Shampoo	$1.22	$1.28	4.7%
Movie	$11.85	$12.13	2.3%
Bowling	$16.96	$18.00	5.8%

Groceries

Item	Garland	National avg.	Difference
Ground Beef	$5.44	$5.84	6.9%
Fried Chicken	$1.32	$1.57	16.1%
Milk	$4.63	$4.67	0.9%
Potatoes	$4.15	$4.93	16.0%
Pizza	$11.96	$12.09	1.0%
Beer	$10.27	$10.41	1.4%

Health Care

Item	Garland	National avg.	Difference
Optometrist	$96.63	$125.68	23.1%
Doctor	$131.00	$135.78	3.5%
Dentist	$86.73	$113.29	23.4%
Ibuprofen	$10.40	$10.65	2.4%
Lipitor	$484.49	$468.60	3.4%

Housing

Item	Garland	National avg.	Difference
Home Price	$172,600.00	$184,700.00	6.6%
Avg. Mortgage Payment	$1,562.33	$2,346.69	33.4%
Apartment Rent	$1,182.00	$949.00	24.6%

Transportation

Item	Garland	National avg.	Difference
Gasoline	$3.47	$3.46	0.3%
Tire Balancing	$66.47	$59.92	10.9%

Utilities

Item	Garland	National avg.	Difference
All Electricity	$145.64	$193.99	24.9%
Phone	$208.71	$192.25	8.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Bristol, TX	450	111	11.0%
St. Paul CDP, TX	594	89	10.7%
St. Paul, TX	1,377	89	10.7%
Mesquite CDP, TX	629	85	14.7%
Horseshoe Bend, TX	621	87	13.4%
Garland, TX	238,622	109	8.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Irving, TX	240,475	107	6.6%
Arlington, VA	236,434	177	77.1%
Regina, SK	241,465	n/a
Fremont, CA	234,829	219	118.7%
Chesapeake, VA	242,647	115	15.3%
Garland, TX	238,622	109	8.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Fernwood, Garland, TX